Jito Labs is an infrastructure provider involved in mitigating the effects of maximal extractable value (MEV) on Solana. Market analysts believe that its success in the field of anti-MEV solutions could be beneficial for AI crypto Telegram trading bot Bitbot (BITBOT) and its growth and token price ahead of the next bull run. With 6,000 traders joining Bitbot’s Telegram group—not to mention a 90,000 strong following on X—Bitbot could be one of the hottest presale investments of 2024. Bitbot has already raised $388k within 14 days of its launch, with token prices at $0.0105, offering an excellent entry point for prospective investors.
What is Jito Labs?
The concept of maximum extractable value (MEV) has been a controversial topic in the crypto world. MEV is the additional profit that can be extracted from on-chain transactions by strategically reordering them before a block is finalized. MEV can be seen as a way for participants to profit from inefficiencies in the network at the expense of others. Some circles believe that MEV is inevitable since it helps incentivize validators and miners to secure the network.
Jito Labs builds high-performance MEV infrastructure for Solana and creates infrastructure to mitigate the harmful effects of MEV on Solana users. This helps to return more MEV to users that would otherwise have been taken by sophisticated MEV bots. The infrastructure provider uses MEV searchers to detect harmful forms of MEV and find ways to earn money without harming other users.
The growing focus on MEV—and Jito Labs’ innovative approach to addressing it—has stoked investor interest in the revolutionary new Telegram trading bot, Bitbot, as it launches its much-awaited presale.
What is Bitbot?
Bitbot is a Telegram trading bot with one mission: to level the playing field for regular retail traders against institutions with the resources to extract MEV. Bitbot combines the convenience of using an AI crypto Telegram trading bot with the institutional-grade security provisioned by KnightSafe, a decentralized and transparent self-custody solution.
Compared to other trading bots that take custody of their users’ assets to conduct trades, this solution is completely non-custodial, giving users total control of their assets until the trades are complete.
Before Bitbot came around, Telegram trading bots were a mess. As reported recently in Cointelegraph, competitor Banana Gun had a flaw in its smart contract that was exploited, causing tokens to crash from their all-time highs of $8.70 to $0.02. Meanwhile, Unibot was exploited for $560,000, draining user funds. Despite their popularity, it turned out that their technology was being held together by paper clips and tape. The level of security Bitbot offers compared to its competitors is night and day.
Along with its non-custodial solution, Bitbot goes the extra mile by using sophisticated anti-MEV and anti-rug pull mechanisms to keep its users’ assets safe from threat actors and from losing value to MEV bots. Its smart contract has already undergone an audit from renowned blockchain auditors Solid Proof, ensuring the safety of user funds and assets moving forward.
Bitbot features and tokenomics
Harnessing the power of AI trading technology, Bitbot enables users to detect presale investment opportunities, undervalued altcoin gems, and arbitrage opportunities, giving them the same edge in alpha and tools once reserved only for institutional players and professionals. Through cutting-edge AI crypto analytics algorithms to spot investment opportunities based on their on-chain metrics, Bitbot helps users locate the most profitable opportunities to extract value from—without harming other users in the process.
One of the key features Bitbot offers is a copy-trading feature where users can track the most successful traders on the platform and copy their exact trades. Another income stream users can leverage is the platform’s referral program, where users will be entitled to earn a 15% kickback on trading fees their referrals incur.
A particularly attractive incentive for BITBOT holders is its revenue-sharing model, which could potentially be lucrative as Bitbot grows in prominence against one of its closest competitors, Unibot, which has paid out almost 4,500 ETH in its revenue-sharing model. Meanwhile, Jito Labs’ success in helping boost Solana’s TVL will shine a light on Bitbot as one of the most innovative projects in its niche.
To make these features as inviting as possible, the team behind Bitbot simplifies the process of setting up a Telegram trading bot. It takes less than a minute to create three free wallets for users to get started with setting up, managing, and monitoring trades from their preferred devices.
Jito Labs price prediction
Jito Labs’ token, JTO, has experienced peaks and troughs, peaking at an all-time high of $6.01, followed by an all-time low of $1.45 on January 8th. As of this writing, JTO switched hands at $1.88. However, as Telegram trading bots and the need to mitigate the effects of MEV grow, JTO could be in for a substantial boost in 2024.
Bitbot price prediction
Bitbot offers a significantly higher price ceiling than Jito Labs. Even at its presale phase, prospective investors could take advantage of a massively discounted price of $0.01 during its 15-stage presale, progressively rising in each stage until it reaches $0.02 by the final stage. With the Telegram trading bot market poised to close in on a $400 million market cap, Bitbot is likely on the verge of a massive breakout in 2024. There are levels to Telegram trading bots, and Bitbot is in the highest echelon.
The final word: Is Bitbot worth investing in?
Consider this: if the likes of Unibot —lacking in security—can generate 200x gains for its presale participants thanks to the sheer interest in Telegram trading bots, just imagine how much more Bitbot with its industry-grade security and robust features could do. This makes 100x a conservative estimate given the forthcoming bull run.
When it comes to trading bots, Unibot and Banana Gun are in the minor leagues. Bitbot is on an entirely different level.
To learn more and purchase BITBOT tokens, visit the official website.